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Vol. 11 No.9
May 28, 2019
www.csrej.com
New Realtor survey shows median income jumped 5%, more women joining industry ®
R
ealtor® median net income increased 5% from 2017 to 2018, and 67% of all Realtors® were female, an increase from 63% last year, according to key findings in the 2019 National Association of Realtors® Member Profile. While overall membership grew from 1.23 million in 2016 to 1.36 in 2018, membership remained steady at 1.32 million as of April 2019, according to the report. The median tenure in real estate decreased from 10 to eight years and the median time spent at a real estate firm was recorded at four years, the same as 2018. "As the real estate industry continues to feel the impact of limited inventory, the typical number of transactions Realtors® make in a year remained at 11 in 2018, the same as in the previous report. In addition, because of rising home prices across the country, the median brokerage sales volume increased to $1.9 million in 2018 from $1.8 million in 2017," Lawrence Yun, NAR chief economist, stated. The survey's results are representative of the nation's 1.3 million Realtors®; members of NAR account for about half of all active real estate licensees in the U.S. Realtors® go beyond state licensing requirements by subscribing to NAR's Code of Eth-
ics and standards of practice while committing to continuing education. Demographic Characteristics of Realtors®
The report identified the typical Realtor® as a 54-year-old white female who attended college and was a homeowner. Sixteen percent of Realtors® had a previous career in management, business, or finance, and 15% worked in sales or retail. Realtors® continue to see an overall growth in diversity of membership while a growing number of women are entering the profession. Since 2001, there has been a 20% increase in females and a 120% increase in minorities. Only 4% of Realtors® reported real estate was their first career. Seventy-two percent of Realtors® said that real estate was their only occupation, and that number increased to 82% among members with 16 or more years of experience. Business Activity of Realtors®
"Limited inventory continues to cause headaches in markets across the country and is preventing potential homebuyers from finding a home. For the sixth year in a row, Realtors® cited the difficulty in
finding the right property surpassed the difficulty of obtaining a mortgage. "However, rental business has been strong with more members involved in property management," said Yun. The typical property manager supervised 47 properties in 2018, up from 35 properties in 2017. The typical Realtor® earned 13% of their business from repeat clients and customers and 17% through referrals from past clients and customers. Realtor Survey Continues | Page 2
Survey reveals some of homeowners’ top neighborhood gripes
Peak Producers 10th Anniversary
Peak Realty Ribbon Cutting
Jay Gupta's April Housing Stats
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Researchers found some gender differences in neighborhood turnoffs too. For example, women were more bothered by unkempt lawns and peeling paint than men. Men were more annoyed with foreclosures and lawn ornaments. Women also were more concerned with crime and unfriendly dogs than men seemed to be. Researchers also found differences by age groups. Overall, baby boomers tended to be the most annoyed about neighborhood traits. They were most turned off by RVs and boats parked on the street or left out in the open, followed by unkempt lawns and having trains nearby. © National Association of Realtors. Reprinted with permission.
Mobile Issue (Beta)
Choosing the wrong neighborhood can make for a very unhappy homeowner. A new survey from Porch.com, a home remodeling website, surveyed about 1,000 consumers to find the biggest neighborhood turnoffs. Noise, traffic, and crime were the chief concerns of buyers. Noise topped the list of neighborhood turnoffs, with 41% of respondents citing it as their top gripe, according to the survey. In fact, noise proved to be an even bigger deterrent than a high crime rate. A neighborhood’s appearance matters too. One in five consumers said they found unkempt lawns a big turnoff. Cars parked in the yard or peeling paint also appeared on the dislikes list.
National News............ Page 2 Local News................ Page 5 On the Move.............. Page 8 Local Expert.............. Page 10 Around the Corner....... Page 11
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